How-to guide

How to Invest in Wine: Tips and Examples

How to Invest in Wine: Tips and Examples

Interest in wine investment has gradually increased along with the number of new wine connoisseurs and collectors –including the young and rich millennials. Moreover, the activity in wine investment has globalized, extending its focus to new emerging markets, most notably China. The fine wine auction market is now quite established […]

Wine Valuation Guide

Wine Valuation Guide

Gradually establishing itself as a popular auction category, wine is enjoying an increasing global demand in the last few decades. It is considered not only an enjoyment but also an investment, thus it is important to know how wine is valued, in order to buy and sell at the right […]

How Design is Valued: A Hybrid Analysis

How Design is Valued: A Hybrid Analysis

The perception of modern and contemporary design objects as mere functional interior objects have changed as the collector demand skyrocketed. Since early 1990s, mainly with the rise of the mid-century design trend, the secondary art market started to recognize design as a valuable category. Meanwhile, two main design focused auction houses were […]

Andy Warhol, 20 Pink Mao's. Synthetic polymer and silkscreen ink on canvas, 99.7 x 96.8 cm, 1979. Price est.: £4,000,000 - 6,000,000 Sold for: £4,741,000 at Phillips.

How to Value Art: A Simple Explanation

The art market is an economic model with more variants than just supply and demand. In this hybrid prediction market, numerous different cultural parameters, people, and institutions determine an artwork’s price. Like money, art has a very small intrinsic value. Human stipulation and declaration create and sustain its commercial value. Understanding […]

Marc Newson, Lockheed Lounge, c. 1990, sold for £2,434,500 in April 2015 at Phillips. Photo courtesy of Phillips.

Top Design Auction Houses in the World

Phillips (established 1792) New York, London, Geneva, Hong Kong Key Personnel: Edward Dolman (Chairman and CEO), Jean-Paul Engelen (Worldwide Head of Contemporary Art), Vanessa Hallett (Senior Director and Worldwide Head of Photographs), Nazgol Jagan (Worldwide Director of Jewels) Notable Design Lots: Marc Newson, Lockheed Lounge, c. 1990, £2,434,500 – April 2015 Isamu Noguchi, The Goodyear […]